HURA vs NEU: Correlation
How closely do TuHURA Biosciences, Inc. (HURA) and NewMarket Corp (NEU) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and NEU?
Across a 3-year window, the weekly returns of HURA and NEU correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -1001.3 %².
Among the 29 assets we track against HURA, NEU ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEU outperformed by 40.7 percentage points (-26.6% for HURA against +14.1% for NEU). Risk is not evenly split, since HURA carries 5.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HURA vs NEU: side by side
| HURA (TuHURA Biosciences, Inc.) | NEU (NewMarket Corp) | |
|---|---|---|
| 1-year return | -26.6% | +14.1% |
| 5-year return | -99.9% | +195.8% |
| Volatility (ann.) | 152.6% | 27.9% |
| Beta vs S&P 500 | 0.27 | 0.58 |
| Max drawdown (3Y) | -99.7% | -32.8% |
| Market cap | $0.1B | $8.5B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURA | NEU |
|---|---|---|
| 2022 | -73.0% | -6.7% |
| 2023 | -97.5% | +79.1% |
| 2024 | -31.3% | -1.5% |
| 2025 | -81.5% | +32.3% |
| 2026 | +181.4% | +35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and NEU good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HURA and NEU?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.32 over the last year and -0.14 over 5 years.
Is NEU a good diversifier for HURA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hura-vs-neu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hura-vs-neu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HURA correlations · NEU correlations
